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Updated about 5 years ago,
Recording NPN in QuickBooks
Good evening. I’m trying to teach myself QuickBooks online even though I have a CPA. I want to learn and understand my own books just like someone understanding their own car. So those that have been in the business, how would one record a purchase on non performing note in QuickBooks online. I have it set up with address as name and other assets. The purchase is recorded as an expense. Is this correct?